Nifty tricked

This week I must admit nifty completely whipsawed me. With movements up & down like a rollercoaster, it was a nightmare. I went long short everything cause every breakout & breakdown looked convincing, however none was coming. But thankfully I trade with stoplosses, hence my losses are usually small. I had short positions yesterday however I covered them at close yesterday since Nifty chart patterns were not breaking. Today morning I went long and knew as long as Nifty would be over 5000 I am safe. The breakout came in the afternoon and once it was over 5050, it was clear we had broken out. The most imp part in trading is to cut your losses short and let your profits ride.